[SYDNEY] Australian shares closed at a one-month high on Tuesday, as better-than-expected data from its biggest trading partner China outweighed fears over the deepening economic impact from the coronavirus pandemic. Read more at The Business Times.
Australian shares closed at a one-month high on Tuesday, as better-than-expected data from its biggest trading partner China outweighed fears over the deepening economic impact from the coronavirus pandemic.[SYDNEY] Australian shares closed at a one-month high on Tuesday, as better-than-expected data from its biggest trading partner China outweighed fears over the deepening economic impact from the coronavirus pandemic.
"The market is still on the hopium that massive government stimulus will save the day," Brad Smoling, managing director at Smoling Stockbroking said. "Both supply and demand will take a very long time to heal. I am selling into rallies and see another big downward leg on the horizon."
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